The Regulatory Data topic of the PIA Tool is similar to the Regulatory Data topic of Valuation Assumptions. It allows you to override any historical values and specify the Law Year to be used for the calculation.

The Law year, even if in the future, determines where history stops and assumptions (salaries, wage bases, national average wages, and CPI) begin. That is, historical regulatory data will be used up to the law year and increase rate assumptions will apply from the law year to termination.

The Freeze PIA at law year checkbox freezes the salaries, national average wage, CPI, etc. in effect as of the law year.

Overrides to ProVal’s Historical Regulatory Data lets you override historical values. If the law year is in the future, you will need to provide unknown values (that is, override ProVal’s historical regulatory data, which is missing for future years) up to and including the law year (up to law year-1 for CPI and law year-2 for NAW). ProVal’s historical values can be viewed by clicking the Historical Data… button.